Hanjung America Corp. to build first US plant in Huntington, Indiana

State and city officials announced February 26 that Hanjung America Corp., a division of Hanjung NCS and automotive parts company based in South Korea, will build a new factory in Huntington, Indiana. The price of the new campus was not disclosed, but city and company officials said the site will eventually employ between 300-440 workers once fully staffed and that positions would make more than the county average wage of $28/hour. Hanjung plans to break ground on the site in April and start operations in June 2027.

The company produces parts used in energy storage systems, including cooling systems and fire suppression technologies used in electric vehicles. The safety systems made there will support the local Stellantis and Samsung SDI StarPlus Energy electric vehicle production in Kokomo, Indiana.

While it’s unclear how much Hanjung America is investing in the development, the company will receive $4.5 million in incentive-based tax credits from the Indiana Economic Development Corporation, $400,000 in Hoosier Business Investment tax credits, and $200,000 in training grants based on the company’s undisclosed investment commitments and a commitment to create 500 jobs statewide.

What people are saying

“We are delighted to establish Hanjung America in Huntington and to become a member of the Indiana community, and we look forward to contributing to regional development,” said Kevin Kim, president of Hanjung America. “This new location allows us to better serve our local customers with our leading-edge technology ESS components.”

“Hanjung America’s decision to locate its first North American manufacturing facility in Indiana is a major win for the state and for Huntington County,” said Indiana Governor Mike Braun. “The company’s new operation will strengthen Indiana’s growing leadership in creating the next generation of energy solutions while creating hundreds of high-skill, high-paying jobs for Hoosiers and setting the stage for continued supply chain growth throughout the state.”

“Huntington is proud to welcome a Hanjung America production facility to Riverfork West,” said Huntington Mayor Richard Strick. “Hanjung’s technology makes energy storage safer and more effective, two critical requirements to lowering energy costs for consumers throughout the grid. These are good-paying manufacturing jobs, and our workforce will demonstrate once again what makes Huntington a special community in this global economy.”

Manufacturers investing in Indiana

Sugar Foods to expand into new Indiana factory and distribution center
Local press reports the site will host an estimated 105 new full-time employees.

Caterpillar investing $5 million in Indiana workforce training program
The construction equipment manufacturer says it will spend $100 million on workforce spending over the next five years.

Lamiflex Group invests $5.04 million to build plastic packaging manufacturing facility in Indiana
The new site will create 62 full-time jobs by 2027 will support U.S. sheet steel manufacturers with locally produced packaging materials.